– by New Deal democrat Last month I concluded: “This was a very weak report, although not negative. If there were not distortions from the front-running of tariffs earlier this year, it would come very close to meriting a ‘recession watch.’ But by next month, the payback from this previous front-running should have largely abated. If […]
First-degree price discrimination is now . . . or “it’s not what the market will bear but what each individual will bear.” The one-handed economist Economists dislike monopolies because they reduce “surplus” — relative to a market with perfect competition — by restricting quantity supplied to increase prices. The figure below compares consumer surplus (CS) to producer(s) surplus (PS) […]
“The 2026 COLA is likely to be 2.7%, according to a recent projection by The Senior Citizens League. That’s a notch above this year’s COLA of 2.5%, which bumped up the average monthly benefit by roughly $50 for retired workers, and applies to more than 70 million retired senior citizens and disabled workers.” But does […]
– by New Deal democrat Initial jobless claims have been relatively subdued for the past month. Some have suggested that this is a byproduct of the large immigrant deportations which have recently taken place. Last week I noted that, “comparing the SA and NSA readings in the past several months suggests that [unresolved seasonality] has affected […]
– by New Deal democrat In this month’s report on new home sales for July, the most important news was at the tail end, which I’ll get to last. As per my usual intro, while new home sales are the most leading measure of the housing market, they are very noisy and heavily revised – which […]
Guess what 13 of the 20 U.S. cities with the highest murder rates were in Republican-run states. Sending in an untrained National Guard. They were not trained for controlling crowds of civilians. At Camp Lejeune in 1970, they were training us and had established mock cities to train in for practice. Pres. Trump says (in a […]
As is typical, Republicans support Tr__p and Dems and Independents see less in Tr__p to support, Overall job approval comes in at 40%. If one believes that is low, I believe it will be even lower in the future as Tr__p continues to play with on and off and changing tariff rates. The masked law […]
Socialism is the form of economics in which the government controls the means of production. The Trump administration now controls 10% of Intel and is looking to buy shares in other private corporations. How is that not creeping socialism? “The United States government’s 10 percent stake in Intel could harm international sales for the semiconductor […]
Years ago, my chairman became an NFT enthusiast. At one point, he assured me “I’m not joking.” I responded: “That’s what I’m afraid of.” NFTs are a manifestation of The Greater Fool Theory of Investing. Like disco and yacht rock, they had their day. But eventually, the fools are left holding the bag: “Flash forward […]
“ACA Signups” (updated) A review of the amount of premium increases Michigan residents can expect when the ACA subsidy increases are removed EOY 2025. Temporary ACA subsidies were passed as part of the American Rescue Plan Act (ARPA) in 2021. It included two years of enhanced subsidies (2021 and 2022). The Inflation Reduction Act (IRA), […]